Earlier this week, Lingo Media Corporation (OTCQB: LMDCF) (TSX-V: LM), an EdTech company using innovative online and print-based technologies and solutions to change the way the world learns English, announced that it will be presenting at the upcoming World Outlook Financial Conference 2016, which will be held January 29-30 at the Westin Bayshore Hotel in Vancouver. The company will also host a booth at the conference in order to provide attendees with an opportunity to meet and speak with the Lingo management team.
The World Outlook Financial Conference is sponsored by MoneyTalks, a popular radio show hosted by Michael Campbell. For over three decades, MoneyTalks has been offering unique and valuable insight to Canadian investors, and the show currently boasts more than half a million weekly listeners. The conference is expected to be attended by hundreds of pre-qualified, high net worth investors and active market participants looking to meet with exhibitors. Lingo will have an additional opportunity to reach these investors as one of four top-performing companies invited to make presentations at the conference’s VIP Small-Cap Luncheon.
In recent quarters, Lingo has recorded strong financial growth on the back of an aggressive expansion campaign throughout Latin America. During the quarter ended September 30, 2015, the company achieved its fourth consecutive profitable quarter, along with a 441 percent year-over-year increase in total revenue. This growth is particularly noteworthy, because it was derived primarily from Lingo’s rapidly expanding digital-learning software division. The company’s legacy textbook publishing income, which stems from exclusive agreements with key government and industry partners in China’s expansive education market, is recorded seasonally, in Q2 and Q4, as royalty revenues.
Moving forward, Lingo plans to build on its recent progress by expanding its presence throughout Latin America while actively pursuing opportunities in other regions around the globe. This strategy is expected to play a key role in the company’s efforts to continue promoting sustainable returns in the months to come.
“While Latin America remains our initial market focus, demand is emerging from other regions,” Michael Kraft, president and chief executive officer of Lingo, stated in a news release. “The company is pursuing strategic partnerships for global distribution as part of its plan as the EdTech market for English language learning continues to grow worldwide.”
For more information on the company, visit www.lingomedia.com
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